Auto Trader Group (AUTO) Sets New 1-Year High at $593.20

Auto Trader Group PLC (LON:AUTO) hit a new 52-week high on Wednesday . The stock traded as high as GBX 593.20 ($7.75) and last traded at GBX 591.40 ($7.73), with a volume of 3889691 shares. The stock had previously closed at GBX 569.60 ($7.44).

AUTO has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a report on Monday, April 29th. Citigroup cut Auto Trader Group to a “neutral” rating and boosted their target price for the company from GBX 494 ($6.45) to GBX 580 ($7.58) in a research note on Friday, May 10th. Peel Hunt reaffirmed an “add” rating on shares of Auto Trader Group in a research note on Monday, April 1st. Liberum Capital upped their price target on Auto Trader Group from GBX 470 ($6.14) to GBX 620 ($8.10) and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, UBS Group upped their price target on Auto Trader Group from GBX 445 ($5.81) to GBX 510 ($6.66) and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 478 ($6.25).

The company has a market capitalization of $5.39 billion and a P/E ratio of 31.46. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1,669.31.

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Auto Trader Group Company Profile (LON:AUTO)

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.

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